Gold Consolidates in Narrow Range
Gold has been confined to a very narrow range in the holiday shortened week. Tests of the upside have been limited by by the highs of of the previous two weeks at 1737.64 and 1738.35, while tests of the downside have attracted buying interest ahead of 1700.00.
Activity in the gold market has also been constrained by persistent uncertainty on several fronts, which has prompted on-again/off-again risk appetite: Escalating tensions in the
On Monday we heard that a tentative deal had been stuck and that would have cleared the way for
Here in the
Perhaps that's reflective of how these crises become increasingly expensive with every kick of the can down the road. And yet, another kick of the can is the most likely outcome; buying a little more time without truly addressing the underlying issues that are driving all these crises.
While all the uncertainty and mixed messages have kept gold narrowly confined this week, the underlying fundamentals of the market remain sound. Most notable are expectations that the central banks of the industrialized world will maintain their super-accommodative monetary policy stances for some time to come. Competitive currency debasements are likely to persist, amid the beggar thy neighbor efforts of governments to secure export share. This in turn will continue to drive investment in gold, both by individual investors and the central banks of emerging countries, seeking to hedge their exposure to devaluing fiat currencies.
We at USAGOLD are thankful for all of our clients and friends. Happy Thanksgiving
隨著大家對拌麵的喜愛，市售的拌麵產品也愈來愈多元了 對恣語來說，拌麵真的是非常方便的麵食 有時寫稿累了，懶得外出覓食，只要幾分...11 小時前
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